Berkeley, CA 94702,2334 Browning
Listed by Bill Grimason • Winkler Real Estate Group
Bought with Jessie Lunsford • Korman & Ng R.E. Services

$1,550,000

Est. payment /mo

$1,679,000

7.7%
Est.Price: ?

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2334 Browning Berkeley, CA 94702

3,814 SqFt

SOLD DATE : 04/15/2024

Key Details

Sold Price $1,550,000

Property Type Commercial

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 3,814 sqft

Price per Sqft $406

Subdivision Poets Corner

MLS Listing ID 41051364

Sold Date 04/15/24

HOA Y/N No

Originating Board Bridge AOR

Year Built 1962

Lot Size 6,000 Sqft

Property Description

Great cash flow from this well maintained and managed 6-plex on a quiet street in the heart of Berkeley’s Poet District. There have been many upgrades to this 1960´s building including installation of double pane windows in all units and a complete remodel of the kitchens and baths in units 1,2,3 and 4. This included new kitchen cabinets, appliances, granite countertops, tile flooring in the kitchens and baths, and refinished hardwood floors in the bedrooms and hallways. Unit 5 also had the kitchen remodeled. New PSL installed 3/1/2024. Off-street parking for all 5 two-bedroom units. Fixed skylights in the bathrooms of units 4 and 5. Low maintenance landscaping, separate PG&E, separate water meters, and laundry room w/ leased coin operated machines. 8 blocks to North Berkeley BART, 3 blocks to West Berkeley’s vibrant restaurant district, 1 1/2 blocks to AC bus that goes to UC Berkeley and BART. 3 blocks to 3 other AC bus lines that go to Berkeley Amtrak and many other destinations. Priced at 11.39 X GRM and a 6.4% cash on cash return initially w/ existing under market rents with the potential of increased cash flow with future tenant turnover. Priced at $440 per sq. ft. & under $280k per unit. This pride of ownership building provides a solid investment for years to come.

Location

State CA

County Alameda

Interior

Heating Natural Gas, Wall Furnace

Cooling Ceiling Fan(s)

Flooring Hardwood, Tile, Carpet

Fireplace No

Window Features Skylight(s)

Appliance Disposal, Free-Standing Range, Refrigerator, Dryer, Washer, Gas Water Heater

Laundry Dryer, Laundry Room, Washer

Exterior

Parking Type Off Site, Parking Lot

Building

Lot Description Regular

Water Public

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Alessandra Imanabadi

Alessandra Imanabadi

Nationwide Fine Homes

+1(510) 504-2528

Our team is ready to help you sell your home for the highest possible price ASAP


Bay East AOR and Contra Costa AOR

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Alessandra Imanabadi

Broker/ Realtor | License ID: 01390368 NMLS Lic.# 328245

+1(510) 504-2528

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